ProShares offers a range of pooled investments and specializes in ETF products. This article will discuss, "Who Owns Proshares? What Is ProShares?" Let's get started.
Who Owns Proshares?
Michael Sapir, 54, is the founder and chairman of Bethesda-based ProShares. The firm has become widely known for the creation of exchange-traded funds, known as ETFs.
What Is ProShares?
ProShares, a division of ProFunds, manages various investment funds and has combined assets under management of over $60 billion. Compared to large managers that are in charge of trillions of dollars worth of assets, this makes it a small investment firm. Yet, ProShares Provides unique funds that follow a variety of indices and asset types.
Many exchange-traded fund (ETF) products offered by the company are all created using particular speculative investment strategies. ProShares that move against the market are known as inverse ETFs. A set of leveraged ETFs called Ultra ProShares boosts market performance by a factor of two or three.
Who Owns Proshares? What Is ProShares? - Hopefully, this article can help you to get some knowledge.
